Business

Islamic lender Warba Bank organizes staff gathering – Achievements and solid values highlighted

KUWAIT CITY, Nov 9: Warba Bank has recently organized a staff gathering in the presence of Jassar Dakheel Al Jassar, the Vice-Chairman and Chief Executive Officer, the members of the top management and the Bank’s employees. During the event, the management highlighted the achievements added to the Bank’s record this …

Read More »

Global posts KD 5.9mn net profit for 9M – Company’s fee revenues at KD 9.9mn

KUWAIT CITY, Nov 9: Global Investment House (“Global” or the “Company”) announced its financial results for the nine months ended Sept 30, 2015. During 9M 2015, the Company recorded a net profit of KD 5.9 million (US$19.6 million), total income of KD 13.1 million (US$43.2 million) and fee revenues of …

Read More »

Kuwait bourse adds 10.84 pts; volume up – KIPCO rallies 20 fils; Agility flat

KUWAIT CITY, Nov 9: Kuwait stocks headed north on Monday extending the gains to second straight session. The price index, after a wobbly start closed 10.84 pts higher at 5,787.68 points led by banking and financial sector shares. The sentiment was cautiously positive even as investors eye fresh cues. The …

Read More »

Dubai Airshow opens amid drop in new jetliner orders – Wars, conflicts to spur demand for Russian helicopters

DUBAI, Nov 8, (Agencies): After three years of record jetliner orders, planemakers are bracing for a slowdown in new commitments at the Dubai Airshow which opens on Sunday under the shadow of recently falling oil prices and conflicts in the Middle East. Barring traditional show surprises, delegates attending the biennial …

Read More »

‘Kuwait’s huge cash reserves allow it to conduct reforms’ – IMF chief urges Gulf to adapt to sustained oil price drop

KUWAIT CITY, Nov 8, (Agencies): International Monetary Fund’s Chief Christine Lagarde said in remarks published on Sunday that Kuwait is privileged with enormous financial reserves, which allow the country to conduct gradual economic reforms, especially by directing surpluses to productive spending. She added in an interview with daily newspaper, “Al-Qabas,” …

Read More »

Kuwait bourse kicks off week with uptick – Americana jumps 40 fils; Ooredoo dips

KUWAIT CITY, Nov 8: Kuwait stocks pulled slightly higher on Sunday after charting a mixed course during last week. The price index rose 6.06 points in choppy trade to 5,776.84 pts even as the board remained mixed. Some of the banking shares eked modest gains while other heavyweights swung in …

Read More »

Toyota Prius takes center stage at Tokyo show – Three new concept cars on display

TOKYO, Nov 8: Toyota presented its vision for the future of mobility at this year’s Tokyo Motor Show, where three very different new concept cars were revealed. While some of the vehicles represent the development and commercialization of groundbreaking new technologies, others seek to explore and strengthen the emotional bond …

Read More »

Kuwait Airways welcomes Airbus A350 XWB – Revolutionary event in the history of air transportation in Kuwait: Al-Roumi

KUWAIT CITY, Nov 7: Kuwait Airways hosted the Airbus A350 XWBat the Amiri Airport on Thursday morning, a precursor to the tenaircrafts ordered by KAC that will join its upgraded fleet, starting 2020. The special event was attended by popular political and diplomatic personalities, representatives from Airbus, and media. The …

Read More »

OPEC dilemma: Cut output or increase market share – ‘Doing nothing is best option at moment’

The challenge that every member of OPEC is facing now is whether to cut down oil production or increase market share. Both options have merits and benefits as well as short-term and long-term advantages. Oil producers with huge reserves must have a long-term vision and need to capture as many …

Read More »

Kuwait set to become a global financial hub: CBK – Central Bank to co-host Islamic Finance Conference on Nov 11

KUWAIT CITY, Nov 7, (KUNA): The Global Islamic Finance Conference, which is due in Kuwait on Nov 11, will be a step towards the promotion of Kuwait’s position as a global financial hub, the Central Bank of Kuwait (CBK) said on Saturday. Co-hosted by the CBK and IMF and held …

Read More »
Translate »